Dan Schmeidler

Bernanke Being Rewarded for Failure

Wow, and how lucky is Bernanke that his time for reappointment coincides with a huge market rally. The man must be really looking forward to another term. Guess it must be hard to say "no" when the president tells you what to do.

An 'X' Shaped Recovery

True. That's something the Feds will have to decide. They have ample control to take this "X" at any time of their choosing by eliminating a free market system and keeping their chokehold on the system. The next few months will be a great test as the economic environment improves and the apparent need for (monetary/economic) interventions diminishes. I wouldn't be surprised to see the markets come begging once again. Who knows, maybe even a smarter (and now certainly wiser), Jim Cramer will decide to keep his friggin' mouth shut the second time around.

Recession Is Over: Long Live Depression

I don't think there is a cure. But Menudo might work for temporary relief. At least for this generation. But future generations will be born into this debt and will most likely be forced into paying it off. But no worries, the government is going to hand out lots of freebies, like feeding their people, and throwing occasional feasts. Maybe that will be the deal.

Is the Worst Over for Financials?

Thanks for the reply chrism1962 and for unraveling the total ambiguity expressed in Mr. Panzner's above advertisement. I am glad I didn't have to buy his book afterall. Instead, I know where to start my own research on this subject matter. This reminds me of this clown on Bloomberg TV, about two weeks ago, who was convinced that the financials are about to embark on a steep 200% GAIN within the next year alone. Turns out the guy was a fund manager long the financials. I would PAY to see him and Panzner on the same show going head-to-head. That way I can give back some of the money that I saved NOT buying Panzner's latest "Armageddon" movie, ... I mean book.

Systemic Financial Crisis and Its Implications for Gold

Market update 4/8/08: Financials are mixed. Gold down. Gold miners down. Not as ugly as yesterday, though, when Financials were up and Gold was down. This market is just setting itself up for trouble.

Is the Worst Over for Financials?

This is from the "Seeking Alpha" charter: "We strongly favor contributions from finance professionals and industry experts writing about their own sector, but we are open to any article that is carefully argued, informative and well-written". I interpret the "but" as meaning regardless of the favoritism to people in your "standing", the emphasis of this site (the "but") is to be open to any article that is "carefully" argued and "well written". Panzner, please don't mess around here anymore, unless you return to this web site with a replacement article of your "Is the worst over for the financials", which, this time around, must be carefully argued and well written.

Is the Worst Over for Financials?

What do you think, Panzner, do you want to fill us in on the rest of your article about how investors apply the fairytale character to debt (namely (de)levaraging)? I would like to know a lot more about those new hot topics in these exclusive financial circles you are mentioning. Or wait, do I need to buy your books first? Crap, or even subscribe to the Financial Times (see your link to ""The Financial Fairytale of Goldilocks and the Credit Bears"). You know what Panzner. I am just going to wait or check back into this site and see if maybe one of site's readers can unlock your great mystery about this "new direction". Until then, do me a favor and do not post "teaser" articles on this web site, or I will make a serious complaint to the host of this site.

Next Stop: $2,000 Gold

Just to add. One might want to add or substitute for the gold miners to your gold investments. Following the equity side of this play will add more clarity as far as growth potential is concerned (with respect to earnings, for example). But, I guess, it would just depend on what kind of investor you are.

Next Stop: $2,000 Gold

Gold is scarcity. If gold was not gold, we would be building buildings out of it. It happens to be a solid and effective metal that is also scarce. But the many "myths" surrounding it probably make it at times uninvestable. Just be careful with it.